East Allen Township Board of Supervisors Meeting Agenda May 2025
Township Considers CD Renewal with Embassy Bank
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Description
East Allen Township Board is considering reinvestment of its Certificates of Deposit with Embassy Bank for the Lehigh Valley at a proposed rate of 4.25%. The previous CD term expired on April 26, 2025 and was also for one year.
Contract Details
Vendor
EMBASSY BANK FOR THE LEHIGH VALLEY
Agency
Town of East Allen, PA
Contract Type
FINANCIAL_SERVICES
Document Date
May 22, 2025
Contract Term
1 year (previous term), new rate 4.25%
Renewal Date
2026-04-26
Renewal Info
Previous CD term was 1 year; proposal is to renew/reinvest for another term at 4.25%. Renewal/extension options or further terms pending board approval.
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